Armenian Prime Minister Hovik Abrahamyan has given the economy minister a month to develop guidelines with detailed description of importation procedures related to a number of essential goods whose trade in Armenia is perceived to be monopolized.
According to Armenian aviators, the country lacks a legal basis and liability for the development of aviation and the imperative of having a national carrier requires statesmanship and protectionism.
Fight for Demonopolization: Expert says political decisions needed to deal with market “concentration”
While the Armenian government is taking steps to regulate “high concentration” areas of the economy, many in the country still remain skeptical about its having the necessary political will to fight against corruption and monopolies.
Although Russia has reduced the price of natural gas supplied to Armenia by 9 percent at the border, it is still unclear at what price the final consumers in the South Caucasus country will get it.
Qatar Airways has announced the start of service from Yerevan Zvartnots Airport beginning May 16.
The escalation of the conflict in Nagorno-Karabakh will have no negative impact on Armenia’s rate of economic growth, according to Economy Minister Artsvik Minasyan.
Despite the optimism of Armenia’s authorities, the economy of the country, directly and indirectly, will bear negative consequences of the four-day war in Nagorno-Karabakh earlier this month, say economists, who also predict that a possible increase in military spending could become a bigger burden on the country’s economy.
Not only Armenians living in their homeland, but also those in the entire world should refuse to buy Turkish goods because by buying them they support terrorism and production of weapons that are used against Armenians, argue activists of the “Protest Against Turkish Product” initiative.
Russia believes there is no economic ground for the construction of a new nuclear power plant in Armenia, Kirill Komarov, the first deputy chairman of the Rosatom Company, said this week. He said that the construction of a new nuclear power plant in Armenia can only be talked about if there are appropriate calculations and justifications.
The Public Services Regulatory Commission (PSRC) says it intends to reduce natural gas prices in Armenia in response to a request from provider Gazprom Armenia.
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